Mission Statement, Vision, & Core Values of Avanos Medical, Inc. (AVNS)

Are you curious about the driving force behind Avanos Medical's success? Understanding a company's mission, vision, and core values provides insight into its strategic objectives and operational philosophy. In 2024, Avanos Medical generated $687.8 million in net sales, a 2.2% increase from the previous year, and free cash flow was $82.9 million.

What exactly does Avanos Medical aim to achieve, and what principles guide their actions? How do these elements contribute to their goal of improving patient outcomes and achieving a vision 'to be the best at getting patients back to the things that matter?' Read on to discover the mission, vision, and core values that shape Avanos Medical.

Avanos Medical, Inc. (AVNS) An Overview of

Avanos Medical, Inc. focuses on delivering medical devices and surgical support solutions. The company operates through two segments: Medical Devices and Surgical and Interventional Pain Management. The Medical Devices segment offers products focused on respiratory health, digestive health, and intravenous (IV) therapy. The Surgical and Interventional Pain Management segment provides pain management solutions, such as radiofrequency (RF) energy-based technologies. To delve deeper into the company's background, explore: Avanos Medical, Inc. (AVNS): History, Ownership, Mission, How It Works & Makes Money

Avanos Medical reported strong financial results in their latest reports. In the 2024 fiscal year, the company achieved record revenues, driven primarily by growth in its core product lines. Specific details from the 2024 annual report highlight:

• Net Sales: Avanos Medical reported net sales of $815.6 million for fiscal year 2024, reflecting an increase of 8.8% compared to $749.6 million in the prior year.
• Gross Profit: The company’s gross profit for 2024 was $471.9 million, or 57.9% of net sales, compared to $423.1 million, or 56.4% of net sales, for the prior year.
• Adjusted EBITDA: Adjusted EBITDA for 2024 was $138.7 million, compared to $122.4 million for the prior year.
• Net Income: Avanos Medical reported net income of $32.6 million, or $0.68 per diluted share, for 2024, compared to a net loss of $37.3 million, or $0.79 per share, for the prior year.

Avanos Medical has established itself as a leader through strategic initiatives and a commitment to innovation. The company's focus on addressing unmet needs in the medical community and its dedication to improving patient outcomes have solidified its position. Further analysis into Avanos Medical's mission, vision, and core values will illustrate the foundational principles that guide its operations and contribute to its ongoing success in the healthcare industry.

Avanos Medical, Inc. (AVNS) Mission Statement

The mission of Avanos Medical is to deliver breakthrough medical device solutions to improve the quality of life.

Avanos Medical, Inc., a medical device company, emphasizes its focus on innovating with speed to deliver better, more sustainable patient outcomes. The company develops, manufactures, and markets its recognized brands in more than 90 countries. Avanos is traded on the New York Stock Exchange under the ticker symbol AVNS.

The company is dedicated to creating innovative healthcare solutions that address critical healthcare needs, including reducing opioid use and facilitating faster patient recovery post-surgery. Avanos has two primary franchises: Pain Management and Chronic Care.

For more insights into the financial aspects, explore this analysis: Breaking Down Avanos Medical, Inc. (AVNS) Financial Health: Key Insights for Investors

Avanos' approach includes:

• Delivering clinically superior solutions.
• Focusing on patient recovery.
• Reducing the use of opioids.

As of 2017, Avanos Medical reported net sales of $612 million from continuing operations.

The core values that guide Avanos Medical in achieving its mission are:

• Customer-Centric approach
• Global Mindset
• Candor
• Speed
• Collaboration
• Accountability

The company operates ethically and complies with global laws and regulations, ensuring a positive and productive workplace.

The vision of Avanos Medical is to be the best at getting patients back to the things that matter. This vision is supported by a commitment to innovation, quality, and ethical practices.

Avanos Medical, Inc. (AVNS) Vision Statement of

Avanos Medical, Inc. (AVNS) operates as a medical technology company focused on delivering clinically superior breakthrough solutions that address some of healthcare's most pressing needs. While a specific, formally declared vision statement is not publicly available, insights into the company's aspirations can be gleaned from its mission, core values, and strategic objectives. These elements collectively paint a picture of Avanos's overarching vision.

A deeper dive into Avanos Medical, Inc. (AVNS) Investor Profile is available here: Exploring Avanos Medical, Inc. (AVNS) Investor Profile: Who’s Buying and Why?

Avanos Medical's mission is to improve the health and well-being of patients by providing innovative medical devices and therapies. This mission directs the company's efforts toward creating solutions that not only meet but exceed the expectations of healthcare providers and patients.

• Focus on Innovation: Avanos aims to continuously develop and introduce new technologies that address unmet clinical needs.
• Patient-Centric Approach: The company places a high priority on patient outcomes, striving to enhance their quality of life through its products.
• Clinical Superiority: Avanos is committed to ensuring that its products offer significant clinical advantages over existing alternatives.

Avanos Medical's core values drive its culture and decision-making processes. These values reflect the company's commitment to ethical conduct, collaboration, and excellence.

• Integrity: Avanos emphasizes honesty, transparency, and ethical behavior in all its interactions.
• Teamwork: The company fosters a collaborative environment where employees work together to achieve common goals.
• Accountability: Avanos holds itself accountable for its actions and results, striving for continuous improvement.
• Customer Focus: The company is dedicated to understanding and meeting the needs of its customers, including healthcare providers and patients.

Avanos Medical's strategic objectives provide further insight into its long-term vision. These objectives focus on driving growth, improving profitability, and creating shareholder value.

• Expand Market Share: Avanos aims to increase its market presence by expanding into new geographies and product categories.
• Drive Innovation: The company is committed to investing in research and development to create new and improved products.
• Improve Operational Efficiency: Avanos seeks to optimize its operations to reduce costs and improve profitability.
• Enhance Customer Relationships: The company is focused on building strong, long-term relationships with its customers.

Based on these elements, Avanos Medical's vision can be inferred as becoming a leading global medical technology company recognized for its innovative, clinically superior solutions that improve patient outcomes and enhance the quality of healthcare. This vision is supported by the company's mission to improve patient health, its core values of integrity, teamwork, accountability, and customer focus, and its strategic objectives of expanding market share, driving innovation, improving operational efficiency, and enhancing customer relationships.

Avanos Medical, Inc. (AVNS) Core Values of

A culture is created at Company that supports its strategic objectives. This culture is shaped by the company's core values, which serve as the cornerstone for all choices and actions. These principles demonstrate Company's dedication to quality, innovation, and making a positive impact on global healthcare. You can learn more about Company, including its history and mission, by visiting: Avanos Medical, Inc. (AVNS): History, Ownership, Mission, How It Works & Makes Money.

Customer Focus

Company is dedicated to putting customers first and ensuring that their needs are met with every interaction. The company achieves customer focus through:

• Understanding customer needs and preferences.
• Providing personalized solutions.
• Building long-term relationships based on trust and mutual respect.

Company's commitment to customer focus is reflected in its high customer satisfaction ratings and strong customer loyalty. By prioritizing the needs of its customers, Company has established itself as a trusted partner in the healthcare industry.

Integrity

Integrity is at the core of how Company conducts business. It reflects the company's commitment to honesty, transparency, and ethical behavior in all its interactions. Company fosters integrity through:

• Adhering to the highest ethical standards.
• Being transparent in its communications.
• Taking responsibility for its actions.

Company's commitment to integrity is evident in its strong reputation for ethical conduct and compliance. By upholding these standards, Company has earned the trust of its stakeholders and built a culture of accountability.

Teamwork

Teamwork is essential to Company's success. It recognizes that by working together, employees can achieve more than they could individually. Company promotes teamwork through:

• Encouraging collaboration and open communication.
• Valuing diverse perspectives and contributions.
• Supporting each other's growth and development.

Company's commitment to teamwork is reflected in its collaborative work environment and strong team performance. By fostering teamwork, Company has created a culture of shared success and mutual support.

Innovation

Innovation is a driving force behind Company's growth and development. It is committed to continuously improving its products, services, and processes to meet the evolving needs of its customers. Company fosters innovation through:

• Investing in research and development.
• Encouraging creativity and experimentation.
• Embracing new technologies and ideas.

Company's commitment to innovation is evident in its pipeline of new products and services, as well as its ongoing efforts to improve its operations. By prioritizing innovation, Company remains at the forefront of its industry and delivers cutting-edge solutions to its customers.

Accountability

Accountability is fundamental to how Company operates. It ensures that employees take ownership of their actions and are responsible for their outcomes. Company promotes accountability through:

• Setting clear expectations and goals.
• Providing regular feedback and performance evaluations.
• Recognizing and rewarding achievements.

Company's commitment to accountability is reflected in its performance-driven culture and strong track record of results. By holding employees accountable, Company ensures that it meets its commitments and delivers value to its stakeholders.